Known for white-sand beaches, art deco buildings, and nightlife, as well as strong Latin influences and high-end high-rises.

61,100

Jobs Created
2.3%

$57,128

Median Household Income
5.2%

19,579

Total Housing Permits
-1%

307

Total Number of Projects
-1.6%

$602,144

SFD New Home List Price
11.3%

1,538

New Home Sales
-17.4%
Monthly

Market Health

Miami s population is 6.2M, with a total workforce of 2.7M. The labor market grew by 61,100 jobs over the past year, up by 2.3%. The median household income in Miami is $57,128, 5.2% higher than last year and 6.9% below the national average of $61,372. In the housing market, total permits issued totaled 19,579 over the last twelve months, down 1.0% year-over-year. Miami has 307 active new home projects on the market, 1.6% fewer than the 312 from last year. The average list price in the market is $602,144, 11.3% higher than last year and 94.4% above the national average. Over the last three months, new home contracts decreased by 17.4% to 1,538. Miami and Homestead had the highest concentration of the new home contracts in the Miami market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


Michael Timmerman

Senior Vice President

Michael Timmerman

Senior Vice President


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